I'm still at a loss as to what would have been different. How has war in Iraq magnified the impact of the economic crisis?
I think Bush and Osama are working together. How else do you explain spending billions of dollars to find one man and failing.
It impacts our ability to deal with it. When you've already spent $600,000,000,000 in Iraq, and you have a deficit of $9,700,000,000,000 the only way to come up with another $700,000,000,000 is to print it, diluting the money supply and causing serious inflation down the line. You should read a bit more closely. It hasn't affected the crisis. However, it has materially affected our ability to form a sober and cogent response.
It's threads like this that keep The_Conquistador from imparting his tremendous knowledge of economics upon the board. ...this thread is just totally uninformed, brain-dead garbage...
yeah, you're right just another new story, just another $700BB, just the worst mortgage crisis since the great depresion you're exactly right, everyone else in the world is wrong, notice, not even texxx and tj are saying everything's alright, i guess you're just smarter than everyone. thanks for your usual brilliant input
DD is right... Osama bin Laden was on the board of directors of Lehman and Bear... That's how he made it happen...
That's what I thought the argument was, but I was hoping for better. We have a huge deficit and this bailout will make it more huge. But, we already had huge debt before the Iraq war. And, this bailout was going to have an inflationary impact regardless of the Iraq war. And, importantly, the Iraq war didn't do anything (1) to make this crisis more likely or (2) to magnify the effects of the crisis. It just adds its expense to our other many big expenses. If we spent $600B on prostitutes instead of a war in Iraq, it'd be just as bad financially. So, if our economy melts down, Bin Laden doesn't get any credit for it, other than the marginal impact he's had on our government spending. You may as well give FDR the credit.
I could look it up if you would like. I don't know off hand. That isn't the point. I do know that the amount that has gone into Iraq could have helped ease the tax burden on any kind of bail out had we not already wasted it in Iraq. What percentage it is isn't all that relevant to the point being made.
it is about 1.5% of GDP...200 billion/year. i also believe it is classified under defensive spending which is not a major drain on the budget. i am not disagreeing that things have been run poorly but to say this one item is a chief reason for us not being able to address the economic problems now is being way too political with things.
I would not say it was a chief reason, but I would say that it is money spent on something else that might be available now. But defense spending is number is in the top 2 of budget items for our nation. I'm not sure why you are saying it's not a major drain on the budget. Furthermore much of the money that has gone into Iraq came as supplemental requests and so weren't part of the budgeted money.
I understood what DD was saying. Some of you are incredibly dense or incredibly stupid it seems. Should he illustrate his point with pictures or something?
Thanks.....all I am saying is that Osama believes the USA is morally corrupt and that if he can get us to screw up our economy and weaken us, he can gain in power amongst his own people. While he certainly did not cause this financial crisis, the spending on the war in Iraq certainly left our coffers more the bare for dealing with it. DD
****, Osama is still ALIVE. That alone makes the score something like Osama: 103456231 Bush Admin: -63 I gave the Bush junta 10 points for taking down the taliban, but then subtracted 73 points for letting the taliban slowly restore their power while befriending the nutty douchebags in pakistan, invading iraq, and continuing to cozy up to the assholes in saudi arabia.
It is bigger than The War in IRAQ Because of 9/11 . . . The Current Admin has been able to strong arm all their ridiculousness with the cloak of Patriotism and the spectre of 9/11 anyone opposed them were unpatriotic etc The POLITICAL CURRENCY given by Osama's attack ALLOWED for alot of BONE HEADEDNESS to go uncheck We can scream IRAQ alone didn't kill the economy but it is WAY bigger than that Most idiot legislation since 9/11 has pasted because Democrats were a bunch of Spineless bastards and were deathly afraid of looking unpatriotic to be the Check and Balance to a greedy manipulative opportunistic Vica-president and his cabal Rocket River
